Spice Global enters healthcare business with hospital in Delhi

New Delhi, Jan 22 (IANS) Spice Global has forayed into healthcare business by setting up a hospital in the national capital with an initial investment of Rs.400 crore ($74 million), B.K. Modi, promoter of the $2 billion diversified firm, said here.

Delhi Lt Governor Tejendra Khanna Tuesday inaugurated the first phase of the hospital, named Saket City Hospital.

Modi said the Singapore-headquartered Spice Global's focus in 2013 will be on healthcare business. The company's major business interests are in telecom, finance and entertainment technology.

"We are bringing aboard the best talent backed by state-of-the-art facilities, infrastructure and services. We are confident of redefining the concept of healthcare in India through technological innovation and sensitive patient care," Modi said.

Modi said there was a huge scope for expansion of modern healthcare business in India and the company's foray into the sector was timely.

"As India continues to advance and raise its benchmark of development, the need for a modern, fast reacting and sensitive healthcare ecosystem is most immediate," he said.

Modi said Saket City Hospital will be completed by mid-2016. It will have 1000 bed capacity.

The company is developing the hospital in three phases. The first phase is complete. The second phase will be completed by June this year with 230-bed facilities.

"The hospital offers super-specialties in cardiac sciences, neurosciences, gastroenterology and gastrointestinal surgery, obstetrics and gynaecology besides orthopaedics and joint replacement," said Pervez Ahmed, chairman, medical and service committee of Saket City Hospital Board.

"As we expand our services in a phased manner, we will continue to raise our benchmark of patient experience," Ahmed said.